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CONSTRUCTION & WATERPROOFING CHEMICALS
LEAD STORY

A PROTECTIVE SHIELD
A PROTECTIVE SHIELD

Construction & The construction chemicals market size was countries. Besides, regions like Africa and Asia
waterproofing chemicals estimated at $71,460 million in 2020, and are still comparatively less urbanized than other
have a huge role to play in the market is projected to register a CAGR of regions and hence are estimated to have the
over 5.5% during the forecast period (2021-
fastest urban growth rates. China and India are
upswing of the chemical 2026). Construction chemicals enhance the going to be the key contributors for Asia with
industry, which are also quality of building materials and make the absolute disposable income growth owing to
increasingly becoming project sustainable. These chemicals are greater urbanization, strong economic growth,
an important part in the essentially used to expedite the process and and increasing population.
nation building exercise. add sustainability & strength to the structures. The Indian construction chemicals market
is estimated to witness a healthy growth, at
The use of construction chemicals in different
While the possibilities building materials during the construction an estimated CAGR of over 8% in the future.
are immense, the low work enhances workability, performance, The Indian construction chemicals market
consumer recognition is adds functionality, and preserves the basic follows a slightly different trend than that of the
downsizing its potential in or customized elements of a structure. These global market. Due to the lack of awareness
the market. As the market chemicals are the most crucial element of about the long-term benefits of construction
matures and there is a any chemical industry. They have transformed chemicals, the demand for chemicals, such
widespread awareness of the milieus of the entire construction industry. as concrete admixtures, adhesives, sealants,
Their application has improved the quality
and waterproofing, which have immediate
construction chemicals in of building materials and is hence used tangible effects, is high.
the market, it will offer a extensively in construction projects to offer The government is taking various measures to
huge fillip for the growth sustainability. restructure corporate taxes and make them
of the segment and Across the globe, cities are introducing more appealing to foreign investors. The
provide a strong protective initiatives aimed at improving infrastructure. move is anticipated to boost investments in
the healthcare, education, housing, transport,
Around 2050, more than two-thirds of the
shield to the construction overall population in the world is forecasted and water infrastructure sectors. Investments
projects in the country to be living in urban areas. This rapid increase worth US$31,650 billion have been proposed
writes, PRERNA SHARMA. would mainly be observed in developing by 99 cities under their smart city plans. 100

100 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2022